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Dec 5, 2012
12/12
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in the eyes of the world, the u.s. is poised to become laggards instead of leaders if congress and the president fail to resolve the fiscal crisis beyond any short-term fix. in our cover story, that's how diane swonk, sr. economist at miserow financial, described the participants who, as swonk put it, "have not done what they need to do." diane swonk, sr. economist at mesirow financial, expects the u.s. economy will face a $200 billion fiscal drag next year, the effect of a negotiated deal that includes resuming the 6% payroll tax, limiting unemployment extensions and discretionary cuts. according to swonk, it's about far more than reforming tax rates. "the real issue is spending. baby boomers are getting older and we have to address that. yet all the talk is on the tax side of the equation." but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just w
in the eyes of the world, the u.s. is poised to become laggards instead of leaders if congress and the president fail to resolve the fiscal crisis beyond any short-term fix. in our cover story, that's how diane swonk, sr. economist at miserow financial, described the participants who, as swonk put it, "have not done what they need to do." diane swonk, sr. economist at mesirow financial, expects the u.s. economy will face a $200 billion fiscal drag next year, the effect of a negotiated...
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Dec 17, 2012
12/12
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the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which is enough to pay for recovery costs into early spring. peabody energy corp. gets a lump of coal in its stocking. the st. louis-based coal producer says a drop in coal prices and lower market demand are dragging down its sales by about 2 million tons. coal producers have struggled this year against record low natural gas prices. those cheap prices prompt utilities to use it instead of coal for fuel. peabody does expect results to improve later this year. the latest identification scam may be closer than
the u.s. senate is expected to start debating this afternoon on how much money to spend on repair costs in the wake of superstorm sanday. the current disaster aid package stands at $60.4 billion. the aid could become a political football. some republicans in the house want to consider a smaller initial amount to cover immediate needs until there's more evidence of the need for additional spending. fema, the federal emergency management agency's, disaster relief fund has nearly $5 billion, which...
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Dec 4, 2012
12/12
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in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food stamps for a week - that means spending only $4 a day for all of his food. booker accepted the challenge in a twitter debate with a north carolina woman. other public officials have tried this before booker and have reported it to be a great challenge. there's no place like home for the holidays, and keeping up with its annual tradtion, fannie mae and freddie mac won't evict familes facing foreclosure during the holiday season. this year's freddie/fannie evicition-free dates are dec. 19 through january 2nd. you might think airlines wouldn'
in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey is about to go on a strict diet. starting today, cory booker will live on food...
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Dec 19, 2012
12/12
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starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.. the obama administration is said to be considering kenneth chenault -- the ceo of american express-- for a cabinet post... possibly treasury secretary. also, the adminstration is said to be batting around the name ursala burns- who runs xerox as a possible candidate for commerce secretary. president obama said earlier he is interested in having top business leaders in his cabinet. coal consumption is climbing around the world. the international energy agency-- better known as as the i-e-a predicts demand for coal could come
starting in january the u.s. treasury department will begin selling its stakes in almost all of the remaining banks that received bailouts during the financial crisis. four years after the implementation of the troubled asset relief program the government still owns a part of 218 banks. those banks owe taxpayers nearly $8 billion. the government says tarp was always intended to be a temporary measure. key players from wall street may be heading to the whitehouse. according to bloomberg news.....
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Dec 31, 2012
12/12
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recently overseas, in places where the u.s. military has been a presence, members of the national guard and reserve have played a significant role. just one example - since 2003, roughly 3/4 of the men and women in illinois' national guard or reserve were mobilized throughout the world. h-r plus is a company that puts its money where its mouth is concerning this issue. 40% of the roughly 8,000 employees it hires a year are veterans. still to come, how to pitch your ideas to angel investors. what investors want to hear before they reach for their checkbook. but first, traders tell us which soda stock is more likely to see a pop. that's next, in traders unplugged. the holidays are on our trader'' minds today. joining for us for traders unplugged, pro traders alan knuckman and jared levy. round one: taking flight. millions of americans are boarding jets this season for the holidays. which airline stock is ready for lift-off? > > i look at this in a couple of different ways. i have never liked airline stocks because it's- > > tough
recently overseas, in places where the u.s. military has been a presence, members of the national guard and reserve have played a significant role. just one example - since 2003, roughly 3/4 of the men and women in illinois' national guard or reserve were mobilized throughout the world. h-r plus is a company that puts its money where its mouth is concerning this issue. 40% of the roughly 8,000 employees it hires a year are veterans. still to come, how to pitch your ideas to angel investors....
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Dec 21, 2012
12/12
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reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really
reporting a profit that surprised analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32...
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Dec 11, 2012
12/12
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that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its printer and pc businesses. here's trader alan knuckman's thoughts on the stock: "well, i think it might have ovedone on the downside. you have to remember hewlett-packard has done this twice. it dropped from $80 back down to $10 and then rose again; fell from $50 to the current level where we are now. so, it does have some brand value, it's just a matter of sorting out the company and making things work again, and i think the new ceo could do this." heweltt-packard stock is down nearly 75% since april 2010. at current levels, knuckman calls it a stock
that bounce follows an october in which mcdonald's' u.s. sales slipped for the first time in nine years and led to the resignation of company president jan fields. hewett-packard is suddenly jumping onto the hot stock list. shares climbed 4% yesterday on speculation billionaire investor carl ichan is building a positon in the tech giant. this year has been a rough one for hpq. shares have tumbled on troubles including the $9 billion charge from its acqusition of autonomy and concerns about its...
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Dec 14, 2012
12/12
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no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan. most recently, u.s. bank reported sudden trouble with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots. while it's not illegal to buy
no charges have been filed outside of the u.s. against mcafee, who says he has not been questioned by u.s. authorities. meanwhile, the mcafee software security firm is out with a warning about cyber bank robbers. according to published reports, a massive cyber attack with the goal of stealing millions from consumer accounts is in the works. chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan....
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Dec 7, 2012
12/12
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macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is getting picked up by another carrier. t-mobile will begin selling the iphone next year. talks are back in the fiscal fight. according to the wall street journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the presdient and congressman boenher spoke by phone. on thursday, the president said he was optimistic a deal would get done as he sat down with a middle-class family in virginia to promote his tax plan new jersey governor chris christie is making a pitch to
macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is...
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Dec 24, 2012
12/12
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such is the send-off consumers are giving to the last twinkies made for now in the u.s. and sent off to market. a sugar-rush worthy of black friday fell throughout chicago supermarket chain jewel-osco. the last 20,000 boxes of twinkies distributed by hostess brands were snapped up as if it was the fountain of youth in a sponge cake. "i used to eat them. when i was a kid, i enjoyed them." hostess brands filed for bankruptcy november 16th. since then, a cream-filled wave of nostalga has transformed the junk food into an icon of americana to be preserved - as if it needed help being preserved. "the shelf life of these will be a long time." [laughs "they're just gonna have one, not tons." at this store, 171 boxes went in less than a half-hour - some destined to show up on ebay, others to provide a look back in time. "i just want my kids to have some since they won't be around anymore." reportedly, the hedge funds that assumed control of hostess brands are in active talks with more than a hundred potential buyers for the name, recipe and rights to twinkies and other products.
such is the send-off consumers are giving to the last twinkies made for now in the u.s. and sent off to market. a sugar-rush worthy of black friday fell throughout chicago supermarket chain jewel-osco. the last 20,000 boxes of twinkies distributed by hostess brands were snapped up as if it was the fountain of youth in a sponge cake. "i used to eat them. when i was a kid, i enjoyed them." hostess brands filed for bankruptcy november 16th. since then, a cream-filled wave of nostalga has...
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Dec 10, 2012
12/12
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it plans to open 2400 starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be passed that could weaken the power of unions. protestors are furious. republican lawmakers moved quickly last week to enact "right to work legislation," allowing workers at unionized companies not to pay dues to the union, which reduces bargaining power right in the uaw's own back yard. the measure has already been approved by both chambers of michigan's legislature, and final enactment could take place tomorrow. republican governor rick snyder supports the legislation. if enacted, it would make michigan the 24th state with right-to-work laws. recent strikes at a california sh
it plans to open 2400 starbucks in china and the u.s. within two years. "overall, there's going to be coffee available. that'll help you on pricing, so it might be a good time to be expanding." starbucks' expansion plans aren't only meared number of shops. in the last 12 months, its acquired juice company evolution fresh, bakery la boulange, and is about to finalize acquisition of tea company teavanna. tensions remain high in michigan's capitol city, where legislation is about to be...
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Dec 26, 2012
12/12
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the u.s., which i think there is some optimism about the growth prospects, especially housing, but i also think as far as china is concerned, most people consider that the economy to have troughed and look for good things to happen. so i think there is a lot of optimism - even in europe there's a lot of optimism, but we know how that all goes when there is a lot of optimism. so, anyway, slow trading expected this week. > will there be some last- minute adjustments, or have most of those folks already gone home and closed the books for the year? > > i think for the most part anyone that really had anything to do really has done it already. that would be the capital gains tax-type selling, that sort of thing. but there's always some minor window dressing issues that could come up. so i wouldn't really pay much attention to the price action this week. what is probably more important is the first couple weeks in january. > do you have any kind of end- of-the-year strategy here, or are you just kin
the u.s., which i think there is some optimism about the growth prospects, especially housing, but i also think as far as china is concerned, most people consider that the economy to have troughed and look for good things to happen. so i think there is a lot of optimism - even in europe there's a lot of optimism, but we know how that all goes when there is a lot of optimism. so, anyway, slow trading expected this week. > will there be some last- minute adjustments, or have most of those...
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Dec 20, 2012
12/12
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even in the u.s. the numbers aren't sexy as you might say---not a lot of number one finishes obviously but its finished fifth for four straight weekends which is kind of unique in itself. so there's obviously a lot of word of mouth out there for what i think is a tremendously flawed film but people are going to see it. it's not going to be an oscar favorite but it will be an oscar player. > > we have a lot to look forward to at the box office this weekend. jack reacher, monsters, inc. 3d, this is 40, and the guilt trip. > > we've got a couple of good movies to look forward to--- jack reacher the tom cruise film did tremendous with mission impossible last year. this film's not going to do as good---this is a new franchise for him. it's going to be interesting to see people's reaction to it because the film does open with a very deadly sniper shooting and obviosuly we've had the newtown shootings this week so i'm wondering how people are going to react to that. but it still is a very good escapist thril
even in the u.s. the numbers aren't sexy as you might say---not a lot of number one finishes obviously but its finished fifth for four straight weekends which is kind of unique in itself. so there's obviously a lot of word of mouth out there for what i think is a tremendously flawed film but people are going to see it. it's not going to be an oscar favorite but it will be an oscar player. > > we have a lot to look forward to at the box office this weekend. jack reacher, monsters, inc. 3d,...